Reserve Bank of India allows banks to use RuPay Prepaid Forex cards

In order to expand payment options for Indians traveling abroad, the Reserve Bank has decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines, and online merchants overseas. Governor Shaktikant Das announced some additional measures after informing decisions of Monetary Policy Committee. Shaktikant Das informed that the scope and reach of e-Rupi vouchers are proposed to expand by permitting nonbank prepaid payment instruments issuers to issue e- Rup...